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Bitcoin held above the $90,000 level on Friday after the latest US labor market data showed slower hiring but no sign of a sharp economic downturn.  The report removed one key downside risk for crypto markets. However, it did not yet create the conditions for a fast move back toward $100,000. Labor Data Eases US
The post US Jobs Data Removes Critical Downside Risk for Bitcoin and Crypto Markets appeared first on BeInCrypto.

Nasdaq and CME relaunch crypto index as NCI to support institutional adoption with trusted benchmarks, governance, and transparency.
The post Nasdaq and CME relaunch crypto index to meet rising demand for trusted benchmarks appeared first on Crypto Briefing.

The notorious crypto crash on October 10 of last year sent shockwaves through the market, resulting in the largest liquidation event in history with nearly $20 billion in losses. This catastrophic event ignited significant criticisms and fears among investors regarding the stability of the cryptocurrency market.  However, the upcoming crypto market structure bill, known as the CLARITY Act, is being touted as a potential safeguard against future crashes. Market Manipulation In Crypto Could Plummet  Market expert Crypto Rover recently took to social media to express optimism about the CLARITY Act as the Senate prepares for a markup on January 15. According to Rover, this crypto bill could reduce market manipulation in the crypto space by an impressive 70% to 80%.  Rela...

BNY has rolled out new tokenized deposits that mirror client balances on a private blockchain while deposits stay on bank books. The first phase targets collateral and margin moves with real-time, 24/7 settlement. Early users include ICE, Citadel Securities, DRW, Baillie Gifford, Circle, and Ripple.
The post Major U.S. Bank BNY Enters On-chain Cash Race With Tokenized Deposit Pilot appeared first on Cryptonews.